September 3, 2021
(St. Paul, Minn. | Sept. 3, 2021) — Sunrise Banks has been honored by the Small Business Administration (SBA) as having the highest participation in SBA-backed loan programs for a bank of its size over the last year. Sunrise is one of 11 lenders that will be recognized at the SBA Minnesota Lenders Conference on Sept. 9, 2021.
“Every year we recognize lenders that are helping Minnesota’s over 530,000 small businesses access the capital they need to drive our economy, and the efforts they made in the last year truly went above and beyond,” said SBA Minnesota District Director Brian McDonald.
“During the pandemic, Minnesota’s lending community, totaling nearly 300 banks, credit unions and loan funds, have been working late at night and through weekends and holidays, and their efforts helped save thousands of Minnesota small businesses and the jobs they support.”
Sunrise Banks was recognized as a financial institution with more than $1 billion in assets for the number of SBA-guaranteed, approved loans it processed in Minnesota from July 1, 2020, to June 30, 2021. According to the SBA, lending institutions provided small businesses access to more than $1 billion in traditional 7(a) and 504 SBA-backed capital during this same period.
About Sunrise Banks: Sunrise Banks, N.A., based in St. Paul, Minnesota, strives to be the most innovative bank empowering financial wellness. Sunrise is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values, a public benefit corporation and a certified B Corp for its demonstrated commitment to transparent corporate governance and positive community impact. Learn more at SunriseBanks.com, on Twitter @SunriseBanks, or on Facebook. Member FDIC.